Current Issue

IRS bumps up HSA contribution max for 2015

Comments Email

By Jerry Geisel, Crain News Service

WASHINGTON (April 24, 2014) — The maximum contributions that can be made to health savings accounts (HSAs) will increase $50 for individuals and $100 for families in 2015.

The Internal Revenue Service announced April 23 that the maximum contribution that can be made to an HSA in 2015 will be $3,350 for employees with single coverage—up from $3,300 this year.

The maximum HSA contribution for those with family coverage will be $6,650—up from $6,550.

The maximum out-of-pocket employee expense, including deductibles, will rise next year to $6,450 for single coverage from $6,350. For family coverage, it will increase to $12,900 from $12,700.

Increases in the HSA limits, which are detailed in Revenue Procedure 2014-30, are tied to changes in the cost of living.

This report appeared on the website of Crain’s Business Insurance magazine, a Chicago-based sister publication of Tire Business.

More Polls>

TB Reader Poll

Previous | Published October 21, 2016

Do your technicians use iPads, tablets or other electronic devices to check in customers and write up service orders?

Yes, we have for quite some time
36% (45 votes)
No, but we plan to begin using them soon
27% (33 votes)
No, we can’t afford or support it
23% (29 votes)
Never, I hate technology
14% (17 votes)
Total votes: 124
More Polls »